The Wellingborough Property Blog

  7 EASY WAYS TO SAVE A DEPOSIT FOR YOUR FIRST HOME IN NORTHAMPTONSHIRE Lots of people dream of no longer living with their parents or throwing money at their landlord every month and instead buying their own home in Northamptonshire. However, one of the things that often stands in the way of first time buyers is raising a deposit. The average house price in the UK is just over £234k, and nearly all mortgages require a 5% deposit, so that’s a large amount to save. With this in mind, here are some ways you can raise the cash to get on the property ladder. 1.  Look carefully at your outgoings While you may think you’re living quite frugally, most people have some areas where they can cut back a little. For example, if you buy a £2.75 takeaway coffee every working day, that works out at £55 a month or a whopping £3,300 over five years. Even chipping away at these small expenses can improve your finances, and when it comes to applying for a mortgage, you can show that you have a p...

  Record year for first-time buyers stepping onto the ladder, as more than 400,000 buy their first home. The highest number in 20 years. Key takeaways The number of people taking their first step on the property ladder soared to a 20-year high in 2021 An estimated 408,379 people bought their first home during the year, 35% more than in 2020 First-time buyers accounted for 50% of all people purchasing a property with a mortgage in 2021, up from a low of 36% in 2007 during the global financial crisis The number of people taking their first step on the property ladder soared to a 20-year high in 2021. An estimated 408,379 people bought their first home during the year, 35% more than in 2020, according to Yorkshire Building Society. It was the first time that first-time buyer numbers have broken through the 400,000 threshold since 2006, while the figure was also more than double the 200,000 people who purchased their first home each year between 2008 and 2012. First-time buyers account...